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1-bed · 655 sqftPark Ridge Tower C, Dubai Hills Estate · 14th floor · completed 2022

1401, Park Ridge Tower C

Sold prices and rental history: sold once, by the developer in January 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 1.01M28 January 2019
Current rentAED 63K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1401, Park Ridge Tower C

What is 1401 worth today?

Last sold for AED 1,009,888 in 2019

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15 Jun 2024RentedRenewal
AED 63,464/yr6 months · AED 96 per sqft
15 Jun 2023RentedRenewal
AED 55,000/yr12 months · AED 83 per sqft
15 Jun 2022RentedNew contract
AED 55,000/yr12 months · AED 83 per sqft
28 Jan 2019Sold by developerOff-plan
AED 1,009,888AED 1,542 per sqft

Source: Dubai Land Department. Updated 15 June 2024.

Key facts

Type
1-bed apartment
Size
655 sqft
Floor
14th of 22
Parking
B2-2231
Developer
Dubai Hills Estate
Completed
2022
Service charge
AED 13,700 /yr
Last sold
AED 1.01M · January 2019
Building
Park Ridge Tower C

About 1401, Park Ridge Tower C

1401 is a one-bedroom apartment of 655 sqft on the 14th floor of Park Ridge Tower C, a 22-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. The developer sold it on 28 January 2019 for AED 1,009,888, or AED 1,542 per sqft, 5% above the AED 1,473 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 63,464 a year: a gross yield of 6.3% on the 2019 price, before the service charge of about AED 13,700 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, each saleTypical one-bed in Park Ridge Tower C
1M1.5M2017202020232026Typical sale price by year: 2017 AED 958,888; 2018 AED 952,888; 2019 AED 964,888; 2020 AED 1,006,888; 2021 AED 850,000; 2022 AED 1,071,444; 2023 AED 1,230,000; 2024 AED 1,450,000; 2025 AED 1,550,000; 2026 AED 1,580,000Sold by developer, January 2019: AED 1,009,888 (AED 1,542 per sqft)

1401 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1401, each contractTypical one-bed in Park Ridge Tower C
60K80K100K2021202320252027Typical rent by year: 2021 AED 55,000; 2022 AED 60,000; 2023 AED 68,000; 2024 AED 86,000; 2025 AED 95,000; 2026 AED 90,000New contract, June 2022: AED 55,000 a yearRenewal, June 2023: AED 55,000 a yearRenewal, June 2024: AED 63,464 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Park Ridge Tower C, and where 1401 sits

All 226 1-beds →

1401 last sold in January 2019 at AED 1,542 per sqft, 5% above what one-beds in Park Ridge Tower C were fetching at the time (AED 1,473). Over the last 12 months one-beds sold for AED 1,425,000 to 1,706,900, around AED 2,390 per sqft, and rent for AED 54,000 to 192,774 a year. 1401's AED 63,464 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 20261,425,000
13 Jul 20261,530,000
1 Jul 20261,690,000
10 Apr 20261,706,900
7 1-bed sales in the last 12 months

Park Ridge Tower C

Building

476 apartments, 1-bed to 3-bed over 22 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 21 sold in the last 12 months.

Typical price per sqft
AED 2,445 Up 1.4%
Typical sale
AED 2.38M
Typical rent
AED 110K /yr
Typical yield
5.5%
Park Ridge Tower C, Dubai Hills Estate: prices, sales and rents →

Other units on the 14th floor

All 476 units in Park Ridge Tower C
Value
14021-bedAED 1.14M · Nov 2021
14031-bedAED 995K · Dec 2022
14041-bedAED 1.55M · Sep 2025
14051-bedAED 550K · Jul 2023
14061-bedAED 1.14M · May 2022
14072-bedAED 2.5M · Mar 2024
14082-bedAED 1.54M · Oct 2018
1–7 of 20

1401, Park Ridge Tower C in numbers

  • Sold once: by Dubai Hills Estate on 28 January 2019 for AED 1,009,888, or AED 1,542 per sqft.
  • Rented since June 2022 on 3 Ejari contracts, from AED 55,000 to AED 63,464 a year.
  • At AED 63,464 a year the gross yield on the 2019 price is 6.3%, before a service charge of about AED 13,700 a year (AED 20.90 per sqft).
  • One-beds in Park Ridge Tower C sold for AED 1,425,000–1,706,900 in the 12 months to November 2026; the building's median across all types is AED 2,445 per sqft.

Source: Dubai Land Department. Updated 15 June 2024.

Questions about 1401, Park Ridge Tower C

What did unit 1401 last sell for?

AED 1,009,888 on 28 January 2019, sold by the developer: AED 1,542 per sqft for 655 sqft. It is the only registered sale of the unit.

What is the rent for unit 1401?

AED 63,464 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 55,000; the unit has been rented since June 2022.

How big is unit 1401?

655 sqft (60.9 sqm): a one-bedroom apartment on the 14th floor of a 22-storey tower completed in 2022.

What is unit 1401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Ridge Tower C sold for AED 1,425,000 to 1,706,900 in the last 12 months, around AED 2,390 per sqft.

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Mortgage on 1401, Park Ridge Tower C

Starts from the last sale price (AED 1.01M, 28 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,009,888
Deposit, UAE resident (20%)
AED 201,978
Deposit, non-resident (40%)
AED 403,955
Monthly over 25 years at 3.7%
AED 4,132

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →